1. Five years ago, you purchased a corporate bond for $1,080. The bond pays 4 percent interest, matures in 2026, and is rated “A” by Standard & Poors. Today the bond was downgraded by S&P to “BB.” To make matters worse, the bond’s current price has dropped to $889 because comparable bonds are paying 4.5 percent. Now you must decide if you should sell your bond at the current price or hold the bond until maturity. What would you do?